Syndicate Bank Mangalore Dakshin Kannad Karnataka MICR CODE

Find MICR Codes for Syndicate Bank Mangalore Dakshin Kannad Karnataka

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MICR Code	575025061
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Derebail
Contact	2445994
Bank Details	Syndicate Bank Derebail SYNB0000295

Location	Mangalore, Dakshin Kannad
City	Mangalore
District	Dakshin Kannad
State	Karnataka
Pincode	575006
Country	IN
Address	Syndicate bank,essel heights near derebail church derebail konchady mangalore karnataka india-575006

Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 575025061 for Derebail branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 575025061 of Syndicate Bank, Derebail branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Derebail branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Syndicate Bank are available with micr code -

>>Baikampady Industrial Area Mangalore >>Derebail >>Mid Corporate Branch Mangalore

MICR code for Syndicate Bank Derebail

Syndicate Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Syndicate Bank MICR code for Derebail is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 575025061 is the MICR code of Syndicate Bank for Derebail branch. MICR code for Derebail branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for Syndicate Bank Derebail is presented in the table alongside.

Use of Syndicate Bank MICR code for Derebail branch in mangalore

The MICR code 575025061 is used in RBI cheque clearing process to identify the branch Derebail and Syndicate Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of Syndicate Bank is typically in either of these two font’s: E-138 and CMC-7.

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